Word: shipping
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...Hong Kong is not the first city to have green ships. Captain Cook Cruises in Sydney's harbor has been running a hybrid Solar Sailor ship since 2000. In Berlin, the mayor christened a solar ferry in July, and Shanghai will have its own Solar Sailor ferry by the start of the 2010 World Expo. Founded in 1999, the company's innovative designs won the Australian Design Award of the Year, and Solar Sailor became the first Australian company recognized by the prestigious Tech Museum Awards. The inspiration for the solar sails, says Robert Dane, CEO of Solar Sailor...
...Large container ships are also beginning to utilize the sun to help power them across the world's oceans. Cosco, China's biggest shipping company, has inked an agreement with Solar Sailor for giant solar sails to be retrofitted on some of Cosco's tanker ships. The solar wings would be almost 115 ft. long, and Solar Sailor expects the wings to start saving Cosco money after only four years. The Japanese company NYK Line launched the M/V Auriga Leader in 2008, the world's first cargo ship partly run on solar power. With 328 solar panels covering its upper...
...Shipping Act of 1916, although mostly about maritime commerce, included a small clause requiring all national emergencies to be "declared by proclamation of the President." President Woodrow Wilson issued the first formal statement of national emergency the following year, on Feb. 5, 1917, in which he forbade American ship owners to sell their vessels to foreigners, arguing that they were needed to fight World War I. (See TIME's photo-essay "Landscapes of the Great...
...money to developers as property fever gripped the newly wealthy nation. But when the bubble burst with the global meltdown last year, these unpaid loans left huge holes in the banks' books and the liberal lending of the Celtic Tiger era came to an abrupt halt. To steady the ship, the government placed a blanket guarantee on deposits in six Irish banks last September. At the time, according to Finance Minister Brian Lenihan, it was "the cheapest bailout in the world." But that claim soon came back to haunt him. In December it emerged that Sean Fitzpatrick, the chairman...
...lovely seesawing violin ushers in one of the album’s relatively fuller tracks, “Peacetime Resistance.” And Øye’s voice haunts the skeletal structure of “My Ship Isn’t Pretty” with brooding lyrics like “The sky was the blankest sheet / We drew lines upon it / So our thoughts could meet / Through cables black and cold...